YOSEMITE associates logo v2

Employees Working Remotely and Your Company Valuation

Think this through wisely

Corona-geddon has allowed many business owners to see first hand what having a small or large number of employees working from their homes looks like. In my past running of businesses, remote working was a frequent topic even without a pandemic going on. It was often a topic either for cost management reasons or even trying to provide a life balance for certain employees. Here are some thoughts to trigger a business owner/CEO's thinking about this topic for their business:

- ask yourself if a future acquirer to your business will care if you have remote working employees. In some industries, it's already not well accepted and in others it's become more the norm. So as I've pointed out in prior blogs, put on the glasses of potential future acquirers when making these types of business decisions.

- are your employees that are currently working remotely reflecting (tangibly) that their productivity is equal or better to when they worked in the office? You don't want this to be solely a "feel good" decision, see if you can determine if objectively you're seeing a performance difference. And as HR experts are currently pointing out, keep in mind that some employees working remotely are in fact more productive but it's also because the world around their homes still has businesses like coffee shops, restaurants, salons, etc still closed. Once these open, will there then be productivity distractions through the course of a day?

- can your organization be clear in terms of who can work remotely and who can't? You don't want to negatively impact your organization culture over this issue. You don't need employees complaining at the water cooler why some are offered the remote working option and others are not.

- are your IT systems robust enough to support remote working AND ensure security protection of your data and IP? Talk with your IT team or external IT partner and discuss your company capabilities in this area.

- do you in fact have to make this decision now or can you keep employees working remotely while COVID is still in play but communicate to these employees you're still monitoring how long this working format will last. You don't have to commit to it today because there are still many unknowns related to it. Communicate to employees that it's a good option for now but you will monitor it for making any changes in the months ahead.

Although to some making decisions about employees working remotely might seem like a tactical decision, it's not. This is a strategic decision because it can impact your team in protecting and building the value or net worth of your company both today and for the future.

Use Greenpoint Testing to Achieve Your Desired Exit Valuation

It only takes 106 questions, scanning 10 essential business functions, to stress test your readiness for a successful exit.

However, these questions require thoughtful commitment to achieve your desired exit valuation.

During this up to hour-long online testing, you'll see questions such as the following.

Sample Question 02

After internalizing each question, select among three answer options – Agree, Unsure and Don’t Agree – choosing the answer which best describes you and your business.

Then, complete the Greenpoint questionnaire to unlock your personalized report, which will reveal any gaps in your planning, pointing to the action steps needed to maximize your desired exit valuation.

Format: Digital

Delivery method: Email

Report included: Your Greenpoint results

Stethoscope Frees You to Work On Your Business, Beyond In It

120 questions, scanning 10 essential business functions, free you to work ON your business, rather than solely IN your business.

With each question requiring thoughtful commitment to identify opportunities to further your success.

During this up to hour-long digital Q&A, you'll see questions such as the following:

Sample Question 02

After internalizing each question, select among three answer options – Agree, Unsure and Don’t Agree – choosing the answer which best describes you and your business.

Complete the Stethoscope questionnaire to unlock your personalized report, which will expose gaps [if any] in your planning, and tips for future growth, resulting in action steps needed to maximize your thinking as a business leader.

Format: Digital

Delivery method: Email

Report included: Your Stethoscope results